Credit Life & Disability Insurance

As a member of WRCU, we can offer you optional credit insurance on your loan.

What happens to your loan payment if you become disabled due to an injury or illness or die unexpectedly? Protecting your loan payments against unexpected life events with Credit Life and Disability insurance could help protect more than your finances. It could help lighten the burden for the people you care about.

Most members are eligible to apply for Credit Life and Credit Disability Insurance. Coverage is available at competitive rates and the premium will be included with your monthly loan payment; there is no separate bill. It's just a simple step to add this insurance to your loan when you sign your loan papers, and you can rest easy knowing that your loan is protected should the unexpected happen.*

There is no obligation to take this insurance, and it does not affect your qualifications or interest rate for a loan. Knowing you're protected could help give you peace of mind.

If you would like more information or would like to apply for any of the insurance coverage listed here, please contact us by phone or email. (Please do not send any sensitive information via email.)

These coverages are different than the National Credit Union Administration insurance on your deposits up to $250,000.

Credit Life Insurance

This optional member-pay insurance is designed to reduce or pay off your eligible loan balance if you should die, up to the policy maximums. It could help lighten the burden for the people you care about. This insurance is also available for the primary borrower and/or co-borrower. If coverage is issued, we include the cost of the monthly insurance premium into your monthly loan payment.

Credit Disability Insurance

This optional member-pay insurance for eligible loans is designed to help pay your monthly loan payments, up to the policy maximums, should the primary borrower become totally disabled due to a covered injury or illness

If coverage is issued, we include the cost of the monthly insurance premium into your monthly loan payment. Insure your loan payments today so you can worry a little less about tomorrow.

* Up to your policy maximums; per terms and conditions on your credit insurance certificate.

Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms.
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